UNITED HEALTH Buy signal to complete the Cup pattern.
United Health is on a green (1w) candle despite the general market sell-off.
This is technically due to the longer term pattern which is shaping up to be a Cup/ Arc, that remains to be seen if at the end of it will give a Handle.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 553.00 (bottom of Resistance Zone 1 which was initially formed on April 11th 2022).
Tips:
1. The MACD (1d) is rising with a Bullish Cross last seen in July and despite being bullish over 0.00, it is still underpriced.
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This is technically due to the longer term pattern which is shaping up to be a Cup/ Arc, that remains to be seen if at the end of it will give a Handle.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 553.00 (bottom of Resistance Zone 1 which was initially formed on April 11th 2022).
Tips:
1. The MACD (1d) is rising with a Bullish Cross last seen in July and despite being bullish over 0.00, it is still underpriced.
Please like, follow and comment!!
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